European Union Urges United States for Trade Relations Based on Respect Amidst Tariff Threats
The EU emphasizes mutual respect in trade negotiations as tensions rise over proposed tariffs on imports.
The European Union has expressed its firm commitment to achieving a mutually beneficial trade agreement with the United States.
European Commissioner for Trade, Maros Sefcovic, communicated this stance following discussions with U.S. officials, particularly emphasizing the need for trade relations to be guided by mutual respect rather than threats.
‘The trade between the European Union and the United States is unparalleled and MUST BE GUIDED BY MUTUAL RESPECT, NOT THREATS.
We are prepared to defend our interests,’ Sefcovic stated on social media.
In recent developments, former U.S. President Donald Trump announced his recommendation for a direct tariff of 50% on products imported from the European Union, set to commence on June 1. He characterized the EU as difficult to negotiate with regarding trade agreements, claiming that the union was primarily established to exploit the United States in commerce.
Trump's remarks were made via his social media platform, where he declared that the trade exchanges between the EU and the United States have resulted in an annual trade deficit exceeding $250 million, a figure he described as 'totally unacceptable.' He attributed this deficit to what he described as 'POWERFUL TRADE BARRIERS' imposed by the EU, including value-added taxes, corporate sanctions, non-monetary trade barriers, and what he termed as 'monetary manipulations' and 'unjustified lawsuits against American companies.'
Sefcovic’s comments reiterated the EU's willingness to engage in 'good faith' negotiations with the United States, stressing the importance of establishing trade agreements based on respect rather than intimidation.
European Commissioner for Trade, Maros Sefcovic, communicated this stance following discussions with U.S. officials, particularly emphasizing the need for trade relations to be guided by mutual respect rather than threats.
‘The trade between the European Union and the United States is unparalleled and MUST BE GUIDED BY MUTUAL RESPECT, NOT THREATS.
We are prepared to defend our interests,’ Sefcovic stated on social media.
In recent developments, former U.S. President Donald Trump announced his recommendation for a direct tariff of 50% on products imported from the European Union, set to commence on June 1. He characterized the EU as difficult to negotiate with regarding trade agreements, claiming that the union was primarily established to exploit the United States in commerce.
Trump's remarks were made via his social media platform, where he declared that the trade exchanges between the EU and the United States have resulted in an annual trade deficit exceeding $250 million, a figure he described as 'totally unacceptable.' He attributed this deficit to what he described as 'POWERFUL TRADE BARRIERS' imposed by the EU, including value-added taxes, corporate sanctions, non-monetary trade barriers, and what he termed as 'monetary manipulations' and 'unjustified lawsuits against American companies.'
Sefcovic’s comments reiterated the EU's willingness to engage in 'good faith' negotiations with the United States, stressing the importance of establishing trade agreements based on respect rather than intimidation.
